New energy vehicles are also one of the most expensive tracks and require continuous financial support. Recently, many new energy vehicle companies have increased their capital to support the company's future strategic layout and enhance market competitiveness.

Duchuang/Shenzhen Business Daily reporter Li Gengguang

New energy vehicles have become one of the most popular tracks at present, constantly attracting capital from all walks of life. New energy vehicles are also one of the most expensive tracks and require continuous financial support. Recently, many new energy vehicle companies have increased their capital to support the company's future strategic layout and enhance market competitiveness.

▎Xiaopeng Motors increased its capital to 30 billion yuan, an increase of 50%

Daily Eye Check App shows that recently, Guangdong Xiaopeng Motors Technology Co., Ltd. has undergone industrial and commercial changes, and its registered capital increased from 20 billion yuan to 30 billion yuan, an increase of 50%.

Xiaopeng Motors' change record shows that the company's registered capital has previously implemented two capital increase, from 6 billion yuan to 15 billion yuan in August 2020, an increase of 150%. In September 2021, it further increased to 20 billion yuan, an increase of 33.33%.

Tianyan Check screenshot

According to Tianyan Check, Xiaopeng Motors was established in June 2019. The legal representative Xiaheng is wholly owned by XPeng (Hong Kong) Limited. The equity penetration chart shows that the company's holding companies include Guangdong Xiaopeng Automobile Industry Holdings Co., Ltd., Guangzhou Chengxing Zhidong Automobile Technology Co., Ltd. , Guangzhou Xiaopeng Automobile Technology Co., Ltd., etc.

▎Nezha Auto has raised nearly 20 billion yuan in financing

At the same time, Nezha Auto has also completed a new round of capital increase. Tianyancha App shows that recently, Nezha Automobile affiliated company Hezhong New Energy Vehicle Co., Ltd. has undergone a number of industrial and commercial changes. Jilin Zhishun New Energy Systems Co., Ltd. and others have withdrawn from the ranks of shareholders, adding Tianjin Richu Yunkai Enterprise Management Center (Limited Partnership) and others as shareholders. At the same time, the company's registered capital increased from approximately RMB 2.265 billion to approximately RMB 2.415 billion .

It is worth mentioning that less than a month after 360 gave up capital increase, Nezha Auto recently announced that it had completed a D3 round of financing of more than 3 billion yuan, and the funds were used for subsequent product research and development, technological innovation, factory expansion, and supplementary operating funds. In this round, investors include well-known investment institutions and entities such as Shenzhen Venture Capital , Qianhai Mother Fund, Ark Internet, Shenzhen Jingcheng Kaikuo, and Xinsong Investment. In this round of financing, plus the previous D1 and D2 rounds of financing, Nezha Automobile has raised nearly 10 billion yuan in the round of financing.

public information shows that Nezha Auto has completed 11 rounds of financing, and in addition to the D round of financing, the disclosed amount of financing is 8.25 billion yuan. After several rounds of financing, many listed companies have emerged behind Nezha Auto, such as CATL , 10 Huatong , 360, CITIC Securities , as well as local government industrial investment funds and Jianyin International , CITIC Securities Investment and other star capitals.

According to Tianyan Check, the operator of Nezha Auto is Zhejiang Hezhong New Energy Vehicle Co., Ltd. . The company was established in October 2014 with a registered capital of 2.265 billion yuan. The legal representative is Fang Yunzhou. The company's main business is the design, development, production, sales and related consulting services for new energy vehicle complete vehicles and parts. Hezhong New Energy was originally jointly established by Beijing Yihuatong Technology Co., Ltd. , Zhejiang Tsinghua Yangtze River Delta Research Institute and other companies. The founder of the company is Fang Yunzhou, former deputy director of the Energy Saving and New Energy Vehicle Center of Tsinghua University, and he was also the host of Chery New Energy Project.

▎Traditional car companies have started "equity exchange for capital"

In addition to the new car manufacturing forces increasing capital and attracting capital to expand their own strength, new energy vehicle brands incubated by traditional car companies have also started to attract investment. Since the beginning of this year, many new energy vehicle brands under traditional car companies have carried out external equity financing. For example, GAC's Aian , SAIC's Zhiji, Changan 's Avita , Dongfeng 's Lantu , etc. have all introduced new investors through external channels.

In August this year, Zhiji Auto, a subsidiary of SAIC Group , announced that it had completed a round A equity financing with a financing amount of 3 billion yuan. It is reported that after the completion of this round of financing, Zhiji Auto has reached nearly 30 billion yuan.

Also in August, Avita Technology, jointly created by Changan Automobile , CATL, and Huawei , received a round A financing of nearly 5 billion yuan, and its valuation reached 10 billion yuan.

GAC Aion, a subsidiary of GAC Group , further opened up financing based on the introduction of strategic investors and completing employee equity incentives in March. On July 18, the official website of Guangdong United Property Rights Trading Center showed that GAC Aion's capital increase project began to be pre-listed, and the total amount of funds to be raised and the proportion of new capital proposed to be held will be determined by the capital increase. In this round, the company will dilute about 15% of its shares and introduce no more than 70 strategic investors, with a total financing amount of 15 billion yuan, and its post-investment valuation may reach 100 billion yuan, which is almost the highest valuation before the IPO of new energy vehicle companies.

It is reported that GAC Aion plans to complete the introduction of strategic investors in the third quarter of this year and go public at the right time.

According to information from Shanghai United Property Exchange, on September 13, Lantu Auto, a subsidiary of Dongfeng Motor, officially disclosed the capital increase project information. After the capital increase is completed, it is expected that the equity held by Dongfeng Group will not be less than 77%, the total equity held by strategic investors will not be more than 15%, and the equity held by employee stock ownership platforms will not be less than 8%. This round of capital increase is the first foreign equity capital increase since the establishment of Lantu Automobile.

Industry insiders pointed out that for new car companies that are generally in a crazy state of "burning money" and have not yet achieved balance of revenue and expenditure or even profit, introducing external capital will not only bring rich capital and create a second growth curve, but more importantly, traditional car companies can be innovated internally, using the new energy field as a breakthrough to make up for the development shortcomings of traditional car companies; by introducing foreign capital and independent operations, it can also get rid of problems such as capital assessment and decision-making transmission to accelerate project development.

▎The new registration of new energy vehicles in the first three quarters increased by 98.48% year-on-year

New energy vehicle companies continued to increase their capital, which is not only the need for corporate strategic layout and future development, but also the hottest domestic new energy vehicle market and intensified competition.

Before this year's National Day holiday, car companies such as Xiaopeng Motors, Ideal Auto, Leapmotor , NIO and other car companies launched new cars in intensively. These models attracted a lot of passenger flow during the National Day holiday. At the same time, many new energy vehicles such as Tesla , BYD , NIO, etc. have launched a variety of car purchase discount benefits during the National Day. Many consumers who have the need to buy cars have chosen to go to the store to test drive and buy cars during this period, and various car brand stores are also very popular.

According to Tesla's third quarter automobile production and delivery report released on October 2, Tesla delivered 343,800 cars in the third quarter. Among them, the delivery volume of the two models of Model 3/Y is 325,158 units, and the delivery volume of Model S/X is 18,672 units.

According to the sales report card released by BYD in September, its sales data are even more eye-catching. BYD sold 538,700 cars in the third quarter. Among them, sales exceeded 201,200 vehicles in September, an increase of 151.2% year-on-year.

In the field of pure electric vehicles, the performance of many car companies has attracted much attention. According to the latest delivery data, GAC Aion sold more than 30,000 vehicles in September, an increase of 121% year-on-year; Nezha Auto delivered 18,000 vehicles, an increase of 134% year-on-year; Leapmotor delivered 11,000 vehicles in September, an increase of 200% year-on-year.

In addition, the official website of the Ministry of Public Security recently released data showing that as of the end of September 2022, the number of motor vehicles nationwide reached 412 million, of which 315 million were cars. In terms of new energy vehicles, as of the end of September, the national new energy vehicle ownership reached 11.49 million, accounting for 3.65% of the car ownership. Among them, the number of pure electric vehicles is 9.26 million, accounting for 80.56% of the total number of new energy vehicles.

It is worth noting that in the first three quarters of 2022, there were 3.713 million new energy vehicles registered nationwide, an increase of 1.842 million year-on-year, an increase of 98.48%, accounting for 21.34% of the new automobile registration number. In the third quarter of this year, 1.495 million new energy vehicles were newly registered, with an average monthly new registration of 498,000 vehicles, significantly higher than the average monthly average of 370,000 vehicles in the first half of the year.

review: Yu Fanghua

GAC Aion, a subsidiary of GAC Group , further opened up financing based on the introduction of strategic investors and completing employee equity incentives in March. On July 18, the official website of Guangdong United Property Rights Trading Center showed that GAC Aion's capital increase project began to be pre-listed, and the total amount of funds to be raised and the proportion of new capital proposed to be held will be determined by the capital increase. In this round, the company will dilute about 15% of its shares and introduce no more than 70 strategic investors, with a total financing amount of 15 billion yuan, and its post-investment valuation may reach 100 billion yuan, which is almost the highest valuation before the IPO of new energy vehicle companies.

It is reported that GAC Aion plans to complete the introduction of strategic investors in the third quarter of this year and go public at the right time.

According to information from Shanghai United Property Exchange, on September 13, Lantu Auto, a subsidiary of Dongfeng Motor, officially disclosed the capital increase project information. After the capital increase is completed, it is expected that the equity held by Dongfeng Group will not be less than 77%, the total equity held by strategic investors will not be more than 15%, and the equity held by employee stock ownership platforms will not be less than 8%. This round of capital increase is the first foreign equity capital increase since the establishment of Lantu Automobile.

Industry insiders pointed out that for new car companies that are generally in a crazy state of "burning money" and have not yet achieved balance of revenue and expenditure or even profit, introducing external capital will not only bring rich capital and create a second growth curve, but more importantly, traditional car companies can be innovated internally, using the new energy field as a breakthrough to make up for the development shortcomings of traditional car companies; by introducing foreign capital and independent operations, it can also get rid of problems such as capital assessment and decision-making transmission to accelerate project development.

▎The new registration of new energy vehicles in the first three quarters increased by 98.48% year-on-year

New energy vehicle companies continued to increase their capital, which is not only the need for corporate strategic layout and future development, but also the hottest domestic new energy vehicle market and intensified competition.

Before this year's National Day holiday, car companies such as Xiaopeng Motors, Ideal Auto, Leapmotor , NIO and other car companies launched new cars in intensively. These models attracted a lot of passenger flow during the National Day holiday. At the same time, many new energy vehicles such as Tesla , BYD , NIO, etc. have launched a variety of car purchase discount benefits during the National Day. Many consumers who have the need to buy cars have chosen to go to the store to test drive and buy cars during this period, and various car brand stores are also very popular.

According to Tesla's third quarter automobile production and delivery report released on October 2, Tesla delivered 343,800 cars in the third quarter. Among them, the delivery volume of the two models of Model 3/Y is 325,158 units, and the delivery volume of Model S/X is 18,672 units.

According to the sales report card released by BYD in September, its sales data are even more eye-catching. BYD sold 538,700 cars in the third quarter. Among them, sales exceeded 201,200 vehicles in September, an increase of 151.2% year-on-year.

In the field of pure electric vehicles, the performance of many car companies has attracted much attention. According to the latest delivery data, GAC Aion sold more than 30,000 vehicles in September, an increase of 121% year-on-year; Nezha Auto delivered 18,000 vehicles, an increase of 134% year-on-year; Leapmotor delivered 11,000 vehicles in September, an increase of 200% year-on-year.

In addition, the official website of the Ministry of Public Security recently released data showing that as of the end of September 2022, the number of motor vehicles nationwide reached 412 million, of which 315 million were cars. In terms of new energy vehicles, as of the end of September, the national new energy vehicle ownership reached 11.49 million, accounting for 3.65% of the car ownership. Among them, the number of pure electric vehicles is 9.26 million, accounting for 80.56% of the total number of new energy vehicles.

It is worth noting that in the first three quarters of 2022, there were 3.713 million new energy vehicles registered nationwide, an increase of 1.842 million year-on-year, an increase of 98.48%, accounting for 21.34% of the new automobile registration number. In the third quarter of this year, 1.495 million new energy vehicles were newly registered, with an average monthly new registration of 498,000 vehicles, significantly higher than the average monthly average of 370,000 vehicles in the first half of the year.

review: Yu Fanghua